Global Beta-carotene Market Outlook (2018 to 2032)

Created with Highcharts 11.4.0YearUSD MillionChart context menu29.2629.2630.4830.4831.7531.7533.0833.0834.4534.4535.7935.7937.1837.1838.6238.6240.1240.1241.6741.6743.2943.2944.9644.9646.746.748.5148.5150.3950.39Value201820202022202420262028203020320102030405060
Year Value
2018 29.26
2019 30.48
2020 31.75
2021 33.08
2022 34.45
2023 35.79
2024 37.18
2025 38.62
2026 40.12
2027 41.67
2028 43.29
2029 44.96
2030 46.7
2031 48.51
2032 50.39
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Global Beta-carotene Market Outlook (2018 to 2032)

Synopsis
The above chart is Global Beta-carotene Market Outlook (2018 to 2032)

Market Dynamics

the global beta-carotene market outlook for 2018-2032 is looking very positive. according to various industry reports, market demand for beta-carotene has been on a steady rise in recent years and is expected to continue in the interest of convenience and health benefits. beta-carotene is a provitamin, which when ingested, is converted by the body into vitamin a. vitamin a plays an important role in many bodily functions and processes. it helps with vision, healthy skin and hair, skull and bone growth and protection of mucosal surfaces within the body. supplementation with beta-carotene has been seen to increase vitamin a stores within the body and provide necessary levels of protection against these conditions. the popularity of beta-carotene has been spurred by the growing health conscious consumer that looks for natural, plant sourced products to take as part of their routine. this is also a major driving factor of the market as products have been released by manufacturers specifically for the end user. the rise of so-called 'health-foods', as well as the demand for organic and natural products, has spurred market growth. new developments have included the sale of ready-made products from brands containing beta-carotene, such as breakfast cereals, snack bars and drinks. this method of marketing and selling beta-carotene products has further driven market competition and has also gained attention from an increased number of potential customers. the food industry has also had to keep up with this trend, with manufacturers now creating food items containing beta-carotene. as a result, the convenience factor has increased and this in turn has added to the market’s growth. although the global beta-carotene market outlook is looking positive, there are also some threats to be aware of. for example, the market is still subject to price competition as the volume that needs to be produced far surpasses natural supply. although this is unlikely to become a major threat, it may affect pricing of products in the long run. overall, the global beta-carotene market outlook for 2018-2032 is positive as demand is expected to remain buoyant due to the convenience and health benefits linked to the product. the food industry is also playing a role in the spread of various beta-carotene products, driving industry growth.

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